Commercial Real Estate Market in Fort Smith, AR
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
530 active listings and 4,284 off-market properties in Fort Smith, AR. Commercial property asks $31/SF to buy and $19.97/SF/Yr to lease.
Market Trends
Fort Smith, AR spans 98.5 square miles in Sebastian County, Arkansas. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Fort Smith, AR asks $84/SF to buy. Vacancy runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Retail
Retail space in Fort Smith, AR asks $67/SF to buy. Vacancy runs 5.4% across the South region in 2025, down from 7% in 2020.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Industrial
Industrial vacancy in Fort Smith, AR runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Vacancy Rate % in South region
Multifamily
Multifamily space in Fort Smith, AR asks $107/SF to buy. Vacancy runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Market overview
Demographics & Economy
Fort Smith, AR has 93,160 residents in 41,916 households. Density runs 945 people per square mile. Median household income here is $55,833 and median gross rent $872 a month.
93,160
Population
41,916
Households
2.2
Avg Household Size
38
Median Age
25%
College-Educated
83%
High-School Grad
98.5 sq mi
ZIP Area
945
Density / Sq Mi
$55,833
Median Household Income
$35,943
Median Earnings
$872
Median Rent
$166,226
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Arkoma | — | — |
| Moffett | — | — |
| Barling | — | — |
| Bonanza | — | — |
Commercial property in Fort Smith, AR asks $31/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Fort Smith?
Commercial property in Fort Smith, AR asks an average of $31 per square foot. The 6 most recent recorded sales traded at a median of $333/SF. Multifamily carries the highest asking price at $107/SF.
How much does it cost to lease commercial space in Fort Smith?
Asking lease rates in Fort Smith, AR average $19.97 per square foot per year.
Where does Realmo's Fort Smith market data come from?
Realmo compiles Fort Smith, AR figures from 6 recent recorded sales, 423 active sale listings, 107 active lease listings, 4,284 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 423 active for-sale and 107 active for-lease listings in Fort Smith, AR. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at South region level, retail vacancy is reported at South region level and industrial vacancy is reported at South region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
